Launching $KUKO
I hope that KuroKoin, a Korean-origin meme coin, will have an impact in the global Web3 ecosystem, and I wish for everyone to find another element of fun through KuroKoin.
The naming of KuroKoin combines the Japanese word ‘kuro’ (meaning black in 黒, くろ) with ‘coin’, which translates to ‘black coin’ in Korean.
KuroKoin is designed with a unique concept of a “black coin devil with cat ears.”
$KUKO is created using the Bonding Curve offered by MintClubPro and is set to launch on the Arbitrum network.
The initial circulation of $KUKO will be 100% airdropped and accounts for 10% of the maximum supply (the remaining 90% will be minted in a decentralized manner through the bonding curve liquidity pool).
KuroKoin doesn’t have any creator free minting amount and lock-ups, so it is always true that:
Circulating supply (CS) = Total supply (TS)
CS (= TS) = Initial Supply (100% community airdrop) + additional minting amount from bonding curve
CS (= TS) < Max Supply
Airdrop whitelist: MimicShhans and RudolphSquad NFT holders or $MMSS (brc-20) holders.
The whitelist for the $KUKO airdrop will close on January 28, 2024, and the balance snapshot is scheduled for January 29, 2024.
Airdrop page:
https://kuko.mimicshhans.com/
FAQ:
Q: What happens to the remaining 90% that is not used for the airdrop?
A: Only the 10% planned for airdrop is the total initial supply, while the rest 90% is in the bonding curve liquidity pool. In other words, 90% of the supply is not owned by anyone and will be minted as someone buys the token from the pool, similar to most meme coins that start with (almost) all coins in the liquidity pool. The creator of the meme coin, SHHAN, does not receive any free token allocation.
Q: What is the bonding curve model applied to this coin?
A: The bonding curve model is a mathematical tool that sets token prices based on the supply. Buying adds tokens and base assets, and selling burns tokens for base assets. This process is automated through blockchain technology, and no manual pool setup is possible.
(For more details: https://mint.club/about)
